Almarai, the largest Gulf dairy firm by market value, said on Saturday it had made an initial deal to buy a majority stake in a Jordanian dairy and juice manufacturer, a week after unveiling a similar deal in Egypt. Under the deal, Almarai would buy a 75 percent stake in Taibah's Investment and Advanced Food Co, the Saudi-based firm said in a statement posted on the bourse website. Almarai has earmarked SR6 billion ($1.60 billion) to expand its business outside of the Gulf Arab region.
